TDS ON SCRAP METALS SALE

Under GST, the sale of scrap is classified under various HSN (Harmonized System of Nomenclature) codes, depending on the type of scrap being sold.

Here are some common HSN codes for scrap: HSN Codes for Scrap

1. *2619*: Waste and scrap of copper (includes copper ash and residues)

2. *2620*: Waste and scrap of aluminum (includes aluminum ash and residues)

 3. *2630*: Waste and scrap of lead (includes lead ash and residues)

 4. *2640*: Waste and scrap of zinc (includes zinc ash and residues)

5. *2650*: Waste and scrap of tin (includes tin ash and residues)

6. *2660*: Waste and scrap of other non-ferrous metals (includes ash and residues)

7. *7204*: Waste and scrap of iron or steel (includes ash and residues) GST Rates for Scrap The GST rates for scrap vary depending on the type of scrap.

Here are some common GST rates for scrap:

1. *5%*: Waste and scrap of copper, aluminum, lead, zinc, tin, and other non-ferrous metals

2. *18%*: Waste and scrap of iron or steel Please note that these rates are subject to change, and you should always check the latest GST rates and HSN codes applicable to your business.